Instantaneous transfer from person to person for any reason.
Fees can be a little confusing. It's best to explore who will pay fees and when to avoid confusion.
If you need a way to easily transfer money between coworkers or to contract workers or one-off payments, Venmo is an easy, up-to-date way to do just that. No bells or whistles, no nonsense. Highly recommended!
It's worth being aware that marking payments private is necessary if you don't want any or all of your linked contacts to see who you have been paying or who has been paying you. Transaction details are private, but you'll be able to see that your friend Ann paid her coworker Sharon 7 days ago, and that your brother paid Ann even though he swears he doesn't know her.
Explore your privacy options to ensure you're showing only what you want to!
Each transaction has a description field for easy identification later (or jokes.) Once you've been paid, it's easy to transfer money to your linked bank account (1-3 days), or to a selected debit card ($0.25 fee, basically instant.) Your statement will clearly mark the transaction too. Really seamless.
Venmo provides a really easy way to pay a person, which is excellent for paying contractors, repair people, and the like. It's also really easy to split up a work lunch without asking for six separate checks. There's an electronic record that can be matched with bookkeeping needs quickly.